Understanding Income and Personal Resources

What is regular income?

• Income received only during holidays

• Income received once a year

• Income received in set intervals like weekly or monthly

• Income received at irregular intervals

Which of the following is an example of irregular income for a student?

• Part-time job

• Wages

• Child Benefit

• Pocket Money

What is a Benefit-In-Kind?

• A tax rebate

• A non-cash form of income

• A cash bonus

• An overtime payment

Which of the following is considered a need?

• Smartphone

• Water

• Designer clothes

• Luxury car

What is an example of regular income for a retired person?

• Lotto win

• Inheritance

• Old Age Pension

• Gifts

Which of the following is a personal resource?

• Money

• Inheritance

• Lotto win

• Bonus

What is an example of irregular income for an employed person?

• Wages

• Salary

• Child Benefit

• Overtime

Which of the following is a want?

• Food

• Water

• Smartphone

• Shelter

What is an example of regular income for a self-employed person?

• Dividends

• Lotto win

• Gifts

• Salary from the business

Which of the following impacts can meeting needs and wants have?

• On individuals only

• On individuals, society, and the environment

• On society only

• On the environment only